How Much Crypto Exchange Poloniex Had To Shell Out To U.S. Regulatory Agency For 65,942 Sanctions Violations

Cryptocurrency exchange Poloniex LLC agreed to pay a $7.6 million settlement to resolve charges of alleged sanctions violations. What Happened: According to the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC), Poloniex engaged in 65,942 apparent violations of multiple sanctions programs between January 2014 and November 2019.